Thursday 17 December 2015

Market Ended at two-week Closing high, Sensex surged 309.41 and Nifty Rose 93.45 Points Today

Market ended at two-week closing high on Thursday, tracking rally in global peers after the first Fed rate hike in almost a decade. The market rallied for fourth consecutive session today. It was a U-shape recovery for indices as the market slipped in red after rallied for first half an hour of trade but it managed to rebound significantly in last couple of hours of trade. The Sensex surged 309.41 points or 1.21 percent to 25803.78 and the Nifty rose 93.45 points or 1.21 percent to 7844.35.

Finally Federal Reserve raised interest rates by 25 basis points, which was the first rate hike since 2006. Open Interest was seen in 7800 and 7900 Call Option looking as a resistance level for Nifty and in the down side highest open interest was seen in 7700 and 7600 put looking as a major support level for Nifty.


Highest OI increase w.r.t to increase in price was seen in and Highest OI increase w.r.t to IDBI decrease in price was seen in VOLTAS.

1 comment:

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